Abhijit Banerjee and Esther Duflo on how economies can rebound
A pandemic is akin to a war. Countries can recover surprisingly fast with the right policies, but the poorest will need help
By Abhijit Banerjee and Esther Duflo
WITH MUCH of the world economy in an induced coma, it is easy to think that it will be permanently hobbled by the covid-19 crisis. Yet history suggests that if a vaccine or a treatment is found, there is a good chance that the world will bounce back to where it was—provided wise economic and public-health policies are in place.
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